MasterClassTM

Capital Roundtable

Sponsor

Partial List of
Past Attendees

AlpInvest Partners Inc.

Arbiter Partners LP

Azla Advisors

Bank of New York Mellon

Citi Private Bank

Coller Capital Inc.

Commonfund Capital

Court Square Capital

Credit Suisse

Dewey & LeBoeuf LLP

EGS Healthcare Capital

Federal Reserve Bank/NY

FMV Opinions Inc.

HarbourVest Partners

Harvard Management Co.

IntegraMed America Inc.

Korn/Ferry International

Lazard Freres & Co. LLC

Lexington Partners Inc.

McArthurGlen Group

MHT Secondary Advisors

Morgan Keegan & Co.

Morgan Stanley Alt. Inv.

Neuberger Berman LLC

New York Life Capital

NYPPEX Holdings LLC

OPTrust Private Markets

Pardus Capital Mgmt.

Park Hill Group LLC

Pomona Capital LP

PPM America Capital

Probitas Partners Inc.

Redleaf Group Inc.

Reservoir Capital Group

Rho Capital Partners Inc.

Rosemont Capital LLC

SecondMarket Inc.

Somerset Capital Ltd.

Soros Fund Mgmt.

Taconic Capital Advisors

TPG Capital

UBS Investment Bank

Valuation Research

W Capital Partners

Willowridge Partners

Media Partners

The Deal

Buyouts

VC Experts

Capital IQ

Research Partners

 

Clear the date March 18 on your calendar!

CLICK HERE now to register before it's too late!

All-New Content!
All-New Speakers!
 

Encore MasterClass™ for Middle-Market

 PE, VC, Mezz, & Secondary GPs & LPs

PE Secondaries

In This Frozen Market --

What Preparations GPs & LPs Should Be Making

Now That a Thaw Seems Imminent

  Attendance Is Limited!

  CLICK HERE to Register Now

                          

CHAIRED BY

Jonathan Gutstein, Partner

       Coller Capital Inc.     

 

     Featuring 20 Expert Speakers Including --

  • Michael J. Brandmeyer, Goldman Sachs Private Equity Group

  • Andrew Caspersen, Coller Capital Inc.

  • Paul F. Delaney, Griffin Financial Group LLC

  • Miguel Fabregas, Euris
  • Thomas C. Franco, Clayton Dubilier & Rice Inc.
  • James Gamett, StepStone Group LLC

  • Jeffrey Hammer, Houlihan Lokey Inc.
  • Tjarko Hektor, AlpInvest Partners Inc.
  • M. Luisa Hunnewell, Willowridge Partners Inc.
  • Claire B. Kendrick, Hirtle Callaghan & Co. LLC
  • David M. Kirby, Kirby Capital Advisors
  • Christopher F. Mayo, Probitas Partners Inc.
  • Bill Murphy, Cogent Partners LP
  • Mark O'Hare, Preqin Inc.

  • Michael T. Pilson, Nottingham Capital Management
  • Carlo Pirzio-Biroli, Deutsche Bank
  • Fadi G. Samman, Akin Gump Strauss Hauer & Feld LLP

  • Philip Tsai, UBS Investment Bank
  • David S. Waxman, Azla Advisors
  • Benjamin Wilson, Private Equity Investors Inc.
  • John R. Wolak, Morgan Stanley Alternative Investment Partners

Click Here to Register >>   Purchase Audio Package >>


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY MASTERCLASS

Thursday, March 18, 2010

8:00 am – 5:00 pm
New York City
 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity,
 & Mezzanine Funds, As Well as Officers & Directors of Their Portfolio Companies, Independent Sponsors, and Investment Bankers, Lenders, Industry Executives, Lawyers, & Other Advisors Who Work with Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

Fundraising by secondary buyers is on a roll. During the first three quarters of last year, over $15 billion was committed to secondary funds. In fact, one industry survey reports that a third of all LPs increased their exposure to secondaries in 2009, and an equal number were planning to do the same in 2010 or 2011.


But all the same, many observers say they’re feeling nervous about where the
market is headed, and worry whether the gap between sellers and buyers has grown too large. Some wonder whether a rally in secondary interests could even hurt the primary market by drawing down too much of the capital LPs have available. And others claim that today’s secondary deal flow too heavily depends on distress -- which only serves to promote wishful bidding from secondary buyers.

 

So who’s got it right?  And if you’re a general partner or a limited partner in a middle-market PE fund, what are the implications of these trends for you in 2010? How will they affect you? What next steps should you be considering?

 

Attend this all-new, full-day MasterClass™ from The Capital Roundtable, and you’ll discover the action steps you need to be taking --

 

PE Secondaries in This Frozen Market --

What Preparations GPs & LPs Should Be Making

Now That a Thaw Seems Imminent

 

On Thursday, March 18, 2010, in New York, we’ll bring you a comprehensive look at the trends and opportunities of the PE secondaries market, from pricing to deal metrics to legal considerations. For example, almost half of 2009’s secondary transactions were carried out by first-time secondary investors. What do your peers and advisers think that could mean for you in 2010 and 2011?

 

Our last secondaries MasterClass was exceptionally popular, and this first program of the new decade is eagerly anticipated by the PE community.  So you’ll want to sign up today to assure yourself of both a seat and a welcome reward for acting now -- a $400 early bird discount!

 

20 Leading PE Secondaries Experts From All Corners of the Market.

 

We’re pleased to have as our chairman Jonathan Gutstein, partner at Coller Capital in New York City. Coller is a leading global investor in private equity secondaries, with approximately $8 billion under management, including one of the world’s largest secondaries funds, Coller International Partners V, with commitments of $4.8 billion.

 

Along with Jonathan, you’ll hear first-hand from 20 expert panelists who represent all areas of the secondaries marketplace. Four all-new panel presentations will feature investors, intermediaries, sellers, and specialists who will give you a close-up view of the issues affecting your positions in an expanding marketplace.

 

You’ll leave with a greater understanding of the secondary market opportunities ahead, along with answers to questions like these --

  • Where is the secondary marketplace headed in the new decade?
  • How do you find the best secondary opportunities?
  • Will secondary volume have a dramatic rise in 2010, and how would that affect GPs and LPs?
  • How much has the bid-ask spread narrowed over the past months and will it continue to do so?
  • Endowments, pension funds, family offices, financial institutions — who are today’s major sellers?
  • How is greater confidence in the economy and company performance affecting GP valuations?
  • What are the factors that can make heavily unfunded secondaries a sensible transaction?
  • What are the common mistakes to avoid when attempting to raise a secondary fund?
  • And much, much more.

As this MasterClass will explain, there is more stability and variety in today's secondary market than many realize. While many predicted a huge surge in 2009, the market actually shrank -- yet when charted over the last decade it shows steady growth as a natural consequence of growth within the primary market.

 

Nevertheless, deal flow is expected to pick up, if not surge, in 2010-2011. As of November, secondary funds had over $40 billion of dry powder, and current fundraising is expected to add $10 billion.

 

With the price gap between buyers and sellers narrowing as investors gain greater confidence in GP valuations, this year promises to be very active for the secondaries market. As a GP, you can manage liquidity and obtain follow-on capital by terminating funds in an investor-friendly way. And as an LP, you can diversify your portfolio at discounted prices to enhance internal rate of return -- or sell interests to meet the challenge of capital calls.


We Help You Build Portfolios & Build Relationships.

 

Another excellent reason to join us on Thursday, March 18, 2010, is our valuable networking opportunities. You’ll be able to make contacts with both our featured panelists and your fellow attendees, sharing ideas and comparing strategies between presentations and over lunch.

 

We’ve designed this MasterClass to benefit --

  • General partners with secondary interests about to change hands.
  • General partners faced with limited partners who want to exit their commitment.
  • Limited partners looking to purchase assets at a substantial discount to NAV.
  • Advisory firms working with secondary buyers or sellers.
  • Attorneys or accountants who represent GPs or LPs.
  • Executive search professionals recruiting for the private equity industry.

 

Remember, register with our Early Bird Discount by January 27, 2010, and you’ll save $400 off our standard fee! So make your reservation now while space is still available. We’ll be looking forward to greeting you. 

For more information, please feel free to contact Dana DeMattia at 212-832-7333 ext. 102 or ddemattia@capitalroundtable.com.

 

This program is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community. For more information about The Capital Roundtable’s 30 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com.

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Faculty

Chaired By

  • Jonathan Gutstein, Partner, Coller Capital Inc.

Hosted By

  • Burt Alimansky, Managing Partner, Alimansky & Bethell Group, and Chairman, The Capital Roundtable

Speakers

  • Michael J. Brandmeyer, Managing Director, Goldman Sachs Private Equity Group

  • Andrew Caspersen, Principal, Coller Capital Inc.

  • Paul F. Delaney, Senior Managing Director, Griffin Financial Group LLC

  • Miguel Fabregas, Principal, Euris
  • Thomas C. Franco, Partner, Clayton Dubilier & Rice Inc.

  • James Gamett, Managing Director, StepStone Group LLC

  • Jeffrey Hammer, Senior Managing Director, Houlihan Lokey Inc.
  • Tjarko Hektor, Partner, AlpInvest Partners Inc.
  • M. Luisa Hunnewell, Partner, Willowridge Partners Inc.
  • Claire B. Kendrick, Principal, Hirtle Callaghan & Co. LLC
  • David M. Kirby, Managing Director, Kirby Capital Advisors
  • Christopher F. Mayo, Principal, Probitas Partners Inc.
  • Bill Murphy, Managing Director, Cogent Partners LP
  • Mark O'Hare, Managing Director, Preqin Inc.

  • Michael T. Pilson, Managing Partner, Nottingham Capital Management
  • Carlo Pirzio-Biroli, Managing Director, Deutsche Bank
  • Fadi G. Samman, Partner, Akin Gump Strauss Hauer & Feld LLP

  • Philip Tsai, Managing Director, UBS Investment Bank
  • David S. Waxman, Managing Director, Azla Advisors
  • Benjamin Wilson, Senior Associate, Private Equity Investors Inc.
  • John R. Wolak, Managing Director, Morgan Stanley Alternative Investment Partners

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Schedule

MasterClass
07:30 - 08:15
08:15 - 08:45
08:45 - 09:45
09:45 - 10:30
10:30 - 11:00

11:00 - 12:15




12:15 - 01:15
01:15 - 02:15



02:15 - 02:30

02:30 - 03:30



03:30 - 04:30


05:00

  

Thursday, March 18, 2010
Registration, Networking, & Continental Breakfast
Welcoming Remarks & Audience Introductions

Introductory Keynote -- Bird’s-Eye Overview

Chairman’s Keynote -- In-the-Trenches Perspective

Coffee & Networking Break

First Panel -- “Five Secondary Buyers Discuss What They’re Looking For -- What Their Decision Making Process Looks Like” (This panel features investors from five funds who invest in different sizes & types of secondaries, plus the moderator.)

Luncheon & Networking

Second Panel -- The Sellers’ Perspective in 2010 -- What Lessons Sellers Are Learning(This panel features two sellers and two investors, plus the moderator.)

Coffee & Networking Break

Third Panel -- "Four Professionals Discuss Trends in Terms & Conditions Given the Uncertain Economy” (This panel features a lawyer, a fund CFO, a fund investor relations manager, & a gatekeeper, plus the moderator.)

Fourth Panel -- Four Prominent Intermediaries Explain the Do’s & Don’ts of How You Should Go to Market(This panel features four intermediaries who work with different sizes & types of clients, plus the moderator.)

Networking & Adjournment

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Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by Wednesday, January 27 and the fee for the MasterClass is $1095.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, February 23, and the fee for the MasterClass is $1295.
  • After that, the standard fee is $1495 for the MasterClass.
  • At the door, if space is available, the fee is $1595 for the MasterClass.
  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Samantha Feldman sfeldman@capitalroundtable.com or 212-832-7333 ext 112.


Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>


You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card.  (If you need to cancel, please do so by Thursday, March 11, at 5:00 pm, and we will credit you for a future MasterClass.)


From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question?  Please contact Samantha Feldman at 212-832-7333 ext.112 or by email at sfeldman@capitalroundtable.com.

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Location

University Club

1 West 54th Street

New York, NY 10019

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorship

The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Arlene West at 212/832-0800 or by email at awest@capitalroundtable.com.

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